Coca-Cola plans $720B CLP Chile investment by 2030

Coca-Cola Chile, alongside partner bottlers Coca-Cola Andina and Coca-Cola Embonor, announced an investment plan of more than CLP 720 billion through 2030. The capital program focuses on strengthening operations, deploying new technologies, and expanding facilities and manufacturing capacity.

The announcement marks the first major milestone for Abelardo Gudiño, general manager of Coca-Cola Chile and vice president of operations for Chile, Bolivia, and Paraguay, who was appointed in April and arrived in the country in September. The firm also announced the expansion of its training program for 2,600 young people aged 18 to 29, partnered with 32 restaurants to generate 500 new jobs.

According to the company, Chile is Coca-Cola's second-highest market for per capita consumption in Latin America, behind only Mexico. The Coca-Cola system generates CLP 3.6 trillion in annual added value, representing 1.22% of Chile's gross domestic product, and supports over 90,000 direct and indirect jobs across its value chain.

Coca-Cola operates 17 brands and offers more than 230 products in Chile, where it has operated for 85 years. On September 28, the company also launched Coca-Cola zero caffeine and zero sugar in the Chilean market.